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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 1999
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Check here if Amendment [ X ]; Amendment Number: 1
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This Amendment (Check only one.): [ X ] is a restatement.
[ ] adds new holdings
entries.
Institutional Investment Manager Filing this Report:
Name: Waslic Company II
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Address: 802 West Street
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Wilmington, DE 19801
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Form 13F File Number: 28-04795
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing the Report on Behalf of Reporting Manager:
Name: Daniel F. Lindley
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Title: President
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Phone: (302) 571-5550
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Signature, Place, and Date of Signing:
DANIEL F. LINDLEY Wilmington, Delaware 6/2/99
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-____________ _____________________________
[Repeat as necessary.]
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 46
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Form 13F Information Table Value Total: $1,970,031
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
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<TABLE>
<CAPTION>
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5:
NAME OF ISSUER TITLE OF CLASS CUSIP # FAIR MARKET AMOUNT
VALUE AND TYPE
OF SECURITY
"SH"
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<S> <C> <C> <C> <C>
WASLIC CO II
ABBOTT LABS INC Common Stock 002824100 1,872,500 40,000
ABBEY NATIONAL PLC 8.75% Common Stock 002920205 3,927,238 148,900
ADVANCED COMMUNICATIONS GRP Common Stock 00751B106 1,308,438 265,000
ALLTEL CORP Common Stock 020039103 2,495,000 40,000
BANK NEW YORK INC Common Stock 064057102 59,296,875 1,650,000
BARCLAYS BK PLC 11.50% Preferred Stock 06738C802 258,500 9,400
CINCINNATI BELL INC Common Stock 171870108 256,498,275 11,431,678
CINCINNATI FINL CORP Common Stock 172062101 49,467,659 1,357,603
CINERGY CORP Common Stock 172474108 4,812,500 175,000
CISCO SYSTEMS INC Common Stock 17275R102 5,752,031 52,500
COMPAQ COMPUTER CORP Common Stock 204493100 3,390,563 107,000
CONECTIV INC Common Stock 206829103 523,125 27,000
CONVERGYS CORPORATION Common Stock 212485106 212,892,486 12,431,678
DSP GROUP Common Stock 23332B106 2,203,125 150,000
DOMINION RES INC VA Common Stock 257470104 2,216,250 60,000
FIFTH THIRD BANCORP Common Stock 316773100 826,032,031 12,527,500
FIRSTAR CORP Common Stock 33763V109 427,096,506 4,772,028
FRONTIER CORP Common Stock 35906P105 7,003,125 135,000
GENERAL ELECTRIC CO Common Stock 369604103 4,978,125 45,000
HUNTINGTON BANCSHARES Common Stock 446150104 1,871,719 60,500
IDACORP INC Common Stock 451107106 1,177,500 40,000
INTEL CORP Common Stock 458140100 5,349,375 45,000
INTERSTATE ENERGY CORP Common Stock 460845100 6,480,419 243,396
JOHNSON & JOHNSON Common Stock 478160104 3,740,000 40,000
MIDLAND BANK PLC 8.875% SER A Common Stock 597433309 3,090,000 120,000
MIDWEST BANC HOLDINGS INC Common Stock 598251106 1,617,494 100,700
MOBIL CORP Common Stock 607059102 4,400,000 50,000
NIPSCO INDUSTRIES Common Stock 629140104 1,890,000 70,000
NORTH FORK BANCORP Common Stock 659424105 2,535,000 120,000
NORTHWESTERN CORP Common Stock 668074107 6,870,844 264,900
OHIO CASUALTY CORP Common Stock 677240103 17,257,500 442,500
PACIFIC GATEWAY EXCHANGE INC Common Stock 694327107 4,231,406 127,500
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 4,365,000 242,500
PEPSICO INC Common Stock 713448108 3,252,563 83,000
PINNACLE HOLDINGS INC. Common Stock 72346N101 1,023,963 67,700
ROYAL BANK OF SCOTLAND 9.125% SER Common Stock 780097606 1,346,875 50,000
ROYAL BANK OF SCOTLAND 8.5% Common Stock 780097804 3,455,765 129,794
ST PAUL BANCORP INC Common Stock 792848103 3,356,740 155,001
SOUTHERN CO Common Stock 842587107 3,496,875 150,000
SYSCO CORP Common Stock 871829107 3,157,500 120,000
TENNECO INC NEW Common Stock 88037E101 2,095,313 75,000
THOMAS & BETTS CORP Common Stock 884315102 1,126,875 30,000
UGI CORP Common Stock 902681105 851,063 51,000
WPS RESOURCES CORP Common Stock 92931B106 649,000 22,000
WILLIAMS CO INC Common Stock 969457100 6,399,000 162,000
WILMINGTON TR CORP Common Stock 971807102 2,919,088 51,100
TOTAL 1,970,031,225.59 48,538,878
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</TABLE>
<TABLE>
<CAPTION>
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ITEM 6: ITEM 8:
INVESTMENT DISCRETION VOTING AUTHORITY
ITEM 1: -------------------------- ------------------------------
NAME OF ISSUER (a)SOLE (b) SHARED ITEM 7: (shares)
AS DEFINED (c) SHARED MANAGERS (a)SOLE (b) SHARE (c) NONE
IN INSTR. V OTHER SEE INSTR. V
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<S> <C> <C> <C> <C> <C> <C> <C>
WASLIC CO II
ABBOTT LABS INC X 40,000
ABBEY NATIONAL PLC 8.75% X 148,900
ADVANCED COMMUNICATIONS GRP X 265,000
ALLTEL CORP X 40,000
BANK NEW YORK INC X 1,650,000
BARCLAYS BK PLC 11.50% X 9,400
CINCINNATI BELL INC X 11,431,678
CINCINNATI FINL CORP X 1,357,603
CINERGY CORP X 175,000
CISCO SYSTEMS INC X 52,500
COMPAQ COMPUTER CORP X 107,000
CONECTIV INC X 27,000
CONVERGYS CORPORATION X 12,431,678
DSP GROUP X 150,000
DOMINION RES INC VA X 60,000
FIFTH THIRD BANCORP X 12,527,500
FIRSTAR CORP X 4,772,028
FRONTIER CORP X 135,000
GENERAL ELECTRIC CO X 45,000
HUNTINGTON BANCSHARES X 60,500
IDACORP INC X 40,000
INTEL CORP X 45,000
INTERSTATE ENERGY CORP X 243,396
JOHNSON & JOHNSON X 40,000
MIDLAND BANK PLC 8.875% SER A X 120,000
MIDWEST BANC HOLDINGS INC X 100,700
MOBIL CORP X 50,000
NIPSCO INDUSTRIES X 70,000
NORTH FORK BANCORP X 120,000
NORTHWESTERN CORP X 264,900
OHIO CASUALTY CORP X 442,500
PACIFIC GATEWAY EXCHANGE INC X 127,500
PEOPLES HERITAGE FINL GROUP X 242,500
PEPSICO INC X 83,000
PINNACLE HOLDINGS INC. X 67,700
ROYAL BANK OF SCOTLAND 9.125% SER X 50,000
ROYAL BANK OF SCOTLAND 8.5% X 129,794
ST PAUL BANCORP INC X 155,001
SOUTHERN CO X 150,000
SYSCO CORP X 120,000
TENNECO INC NEW X 75,000
THOMAS & BETTS CORP X 30,000
UGI CORP X 51,000
WPS RESOURCES CORP X 22,000
WILLIAMS CO INC X 162,000
WILMINGTON TR CORP X 51,100
TOTAL 48,538,878
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